Simba Gold Corp. Appoints New Management
October 20 2011 - 7:29PM
Marketwired
Simba Gold Corp. (TSX VENTURE:SGD)(FRANKFURT:S7G) ("Simba" or the
"Company") is pleased to announce the appointment of Werner Ullmann
as President and Chief Executive Officer, effective immediately,
following the resignation of Peter Miles from the Company.
Werner Ullman
Mr. Ullmann, the founder of Simba Gold Corp., has over 10 years
of experience in the commodity sector. He worked as analyst and
fund manager of the Gold & Resources equity fund at DJE Kapital
AG. Under his management, this fund was designated the best gold
fund of 2003. Ullmann founded ERA Resources GmbH, a company
specialising in portfolio consultation for commodity investments.
Mr. Ullman is CEO and Chairman of Placer Gold International Corp.
and Director of NZTZ Developments Ltd.
Simba Gold Corp. thanks Mr. Miles for his service.
The Company is also pleased to announce the appointment of Allan
Armitage as Senior Technical Advisor. Mr. Armitage is a Director of
Simba Gold Corp. as well as the Qualified Person as defined by NI
43-101 for the Miyove Gold Project.
Allan Armitage, Ph.D., P.Geo
Mr. Armitage is geologist with over 20 years of experience in
the mining and exploration industry and his appointment brings
geological expertise to the board as the Company focuses on its
Miyove gold project in Africa. He is currently a senior geologist
with GeoVector Management Inc., which provides resource evaluation
and estimation and project management for resource companies. Prior
to his current position, Mr. Armitage served as vice president of
exploration for both Uranium North Resources and Triex Minerals
Corp., and has held senior positions for a number of mining
exploration companies with properties in North and South America.
His experience includes managing all geological and geophysical
aspects of exploration including, the implementation of exploration
and drilling programs, preparing technical reports and managing
quality assurance on properties.
Mr. Armitage has a PhD in geology from the University of Western
Ontario and is an active member of the Association of Professional
Engineers, Geologists and Geophysicists of Alberta. He is a
Qualified Person, as defined by National Instrument 43-101, and has
experience working in Canada, Mexico and Honduras.
"We are excited to have Mr. Ullmann take over as CEO and support
our original vision of Simba Gold exploring and developing some of
Rwanda's better known gold projects," said Simba's Chairman John
Anderson. "As a founder of the company who was instrumental in
financing and bringing the Rwandan gold projects into Simba, Mr.
Ullmann's commitment and passion will serve our shareholders
greatly under his direction. Having someone with Dr. Armitage's
experience and ability to oversee the technical aspects of the
project will ensure an efficient and methodical approach to our
projects."
Simba Gold Corp. is an exploration company focused on the
development of quality gold assets in Rwanda, Africa. Simba owns
12% of Rogi Mining Limited ("Rogi") and has an option to purchase
up to 100% over five years. Rogi owns three properties in Rwanda,
with the principal asset being the Miyove Gold Project which
comprises 2,937 hectares over the largest historic gold-producing
area in the country. Simba is currently planning surface
exploration including detailed mapping, sampling and a geophysical
survey to define drill targets.
On behalf of the Board of Directors
John Anderson, Chairman
Simba Gold Corp.
Cautionary Statement Regarding Forward-Looking Information
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as
"expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond Simba's control.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Simba Gold Corp. Investor Relations 604.568.2486
604.628.5001 (FAX)info@simbagoldcorp.comwww.simbagoldcorp.com
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